PRESS RELEASE

FOR IMMEDIATE RELEASE

March 17, 2016

NEW BUSINESS LENDING RULE FOCUS OF JUNE SCHOOL
‘Principle-based’ regulation for MBL’ing subject of two days’ instruction

ARLINGTON, Va. -- The new “principle-based” member business lending rule is the focus of a June school by NASCUS, scheduled for New Orleans, for state credit union examiners and practitioners.

The June 7-8 program, developed and conducted by Redmond, Wash.-based Hipereon Financial Training and Consulting – one of the top training firms concentrating on proper business lending practices – offers two full-day modules focusing on MBL underwriting (for the first day) and MBL credit administration (on the second day).

“It’s imperative that both state credit union examiners and practitioners have strong backgrounds in the philosophy and nuances of the new rule, before most of it goes into effect in 2017,” said NASCUS President and CEO Lucy Ito. “We brought this school to the marketplace quickly to give our stakeholders the earliest opportunity to become intimately familiar with the rule and how it affects credit unions in their states.”

Both days of the school will be led by Hipereon President and CEO Jim Devine. The school’s first day will focus on MBL underwriting, including assessments of staff backgrounds and experience in the credit approval process. The first day’s program also takes a close look at the MBL review and approval process, including loan approval authority policies and development of an MBL review committee.

The school’s second day concentrates on business lending credit administration, including assessing staff background and experience, and member business services deposit products and services, as well as review of fee-based services.

The June 7-8 program will be held at the Sheraton New Orleans Hotel (just across Canal Street from the French Quarter). Cost is $699, which includes breakfast and lunch both days, and materials for the school. Lodging is separate.

Information Contact:
Patrick Keefe, Vice President, Communications, pkeefe@nascus.org or (703) 528-5974

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.